Fiscal Deficit

• The difference between total revenue and total expenditure of the government is termed as fiscal deficit.
  
• It is an indication of the total borrowings needed by the government.
  
• While calculating the total revenue, borrowings are not included.
  
• Generally, fiscal deficit takes place due to either revenue deficit or a major hike in capital expenditure.
  
• A deficit is usually financed through borrowing from either the Central Bank of the country or raising money from capital markets by issuing different instruments like treasury bills and bonds.
  
• A mismatch in the expected revenue and expenditure can result in revenue deficit.
  
• Revenue deficit arises when the government’s actual net receipts is lower than the projected receipts.
  
• A revenue deficit does not mean actual loss of revenue.

Public Sector Banks in India

List of Public Sector Banks in India:

• Allahabad Bank
• Andhra Bank
• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Canara Bank
• Central Bank of India
• Corporation Bank
• Dena Bank
• Indian Bank
• Indian Overseas Bank
• Oriental Bank of Commerce
• Punjab and Sind Bank
• Punjab National Bank
• Syndicate Bank
• UCO Bank
• Union Bank of India
• United Bank of India
• Vijaya Bank

All India Financial Institutions

List and abbreviations of All India Financial Institutions:

• Industrial Development Bank of India (IDBI)
• Industrial Finance Corporation of India (IFCI)
• Export – Import Bank of India (Exim Bank)
• Industrial Reconstruction Bank of India (IRBI). The new name is (Industrial Investment Bank of India)
• National Bank for Agriculture and Rural Development (NABARD)
• Small Industries Development Bank of India (SIDBI)
• National Housing Bank (NHB)
• Unit Trust of India (UTI)
• Life Insurance Corporation of India (LIC)
• General Insurance Corporation of India (GIC)
• Risk Capital and Technology Finance Corporation Ltd. (RCTC)
• Technology Development and Information Company of India Ltd.(TDICI)
• Tourism Finance Corporation of India Ltd. (TFCI)
• Shipping Credit and Investment Company of India Ltd. (SCICI)
• Discount and Finance House of India Ltd. (DFHI)
• Securities Trading Corporation of India Ltd. (STCI)
• Power Finance Corporation Ltd.
• Rural Electrification Corporation Ltd.
• Indian Railways Finance Corporation Ltd.
• Infrastructure Development Finance Co. Ltd.
• Housing and Urban Development Corporation Ltd. (HUDCO)
• Indian Renewable Energy Development Agency Ltd. (IREDA)